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9352 Subject |
معدلات نمو عالية للاقتصاد المصري حسب الـ IMF IMF – International Monetary Fund predicting Egypt economy to grow by 4.6 % in 2005 and by 5 % in 2006 |
| Date Published | Tuesday, September 27, 2005 |
| Source Name | Al Alam Al Yom |
| Location Name | Country Wide |
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Description Date Format: (mm/dd/yyyy) |
In its recent released Economic Outlook (September 2005), the IMF – International Monetary Fund has predicted Egypt economy to grow by 4.6 % in 2005 and by 5 % in 2006. It has also predicted inflation rate to average 8.8 % in 2005, to drop to 8 % in 2006. It further predicted surplus of the current balance of payment to reach $ 4.6 billion in 2005, yet to drop to & 3.4 billion in 2006. All that would require a prompt progress with the economic reform. N.B. A day earlier, media reports have quoted a study released by WTO – World Trade Org. indicating that Egypt took good steps to liberalize its economy, still overall economic performance was a mix of ups & downs. The 82 pages report stressed the need for more reforms in the financial services sector, the privatization of the remaining state owned companies, banks, insurance companies and Telecom Egypt, also adherence to transparency codes in the trading system. (Al Hayat of 9/26/2005) |
| Sectors Section | Beneficiary Sectors - Economy Economy |
